National Currency, Annual
XFORNC01SKA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,621,000,000.00
Year-over-Year Change
28.24%
Date Range
1/1/2009 - 1/1/2010
Summary
The National Currency, Annual trend measures the total value of all currency in circulation within a country on an annual basis. This metric is critical for central banks and policymakers to monitor the money supply and manage inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The National Currency, Annual trend represents the total value of domestic banknotes and coins held by the public and financial institutions in a given country. It is a key indicator of the size and growth of the domestic money supply, which is closely watched by central banks and economists.
Methodology
The data is collected by national central banks and statistical agencies through comprehensive surveys and reporting of currency in circulation.
Historical Context
This trend is used by central banks, governments, and analysts to assess macroeconomic conditions and the effectiveness of monetary policy.
Key Facts
- The U.S. had over $2 trillion in national currency as of 2021.
- Currency in circulation has grown steadily, at around 6% annually over the past decade.
- Cash remains the most widely used payment method for small transactions in the U.S.
FAQs
Q: What does this economic trend measure?
A: The National Currency, Annual trend measures the total value of all domestic banknotes and coins held by the public and financial institutions in a given country on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for central banks and policymakers to monitor the money supply and manage inflation. It provides key insights into the size and growth of the domestic currency in circulation.
Q: How is this data collected or calculated?
A: The data is collected by national central banks and statistical agencies through comprehensive surveys and reporting of currency in circulation.
Q: How is this trend used in economic policy?
A: This trend is used by central banks, governments, and analysts to assess macroeconomic conditions and the effectiveness of monetary policy in managing the money supply and inflation.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Currency, Annual (XFORNC01SKA189N), retrieved from FRED.